By making his mark in many markets, Blitzer became a marquee member of the 37-year-old investment firm that now manages $650 billion worth of assets and owns 250 companies. HBSE owns the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, and esports organization Dignitas. Teams pic.twitter.com/5bCNPBUI6d, We take pride in hiring the best and brightest talent from a variety of backgrounds and industries with the goal of shaping a well-rounded, dynamic organization, Blitzer toldNBC Sports. Established in 2020, Just Womens Sports Inc. (JWS) is the leading media platform dedicated exclusively to womens sports. When selecting investment candidates, Bolt Venture emphasizes, in addition to investment and return criteria, the potential of playing an active role as a shareholder and/or board member. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. To date, Just Womens Sports has worked with more than 20 of the worlds biggest brands, including Nike, Puma, Under Armour, Heineken, Cisco and DICKs Sporting Goods. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. Biography. Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. ticketing revenue for music and sporting events alone could reach US, globally in 2022, a 142 per cent growth from five years ago and a 443 per cent increase over 2020 when the pandemic halted events for almost nine months, dropping industry revenue to just US. Headquarters Location Mr. David Blitzer serves as Global Head of Tactical Opportunities Group and Member of the Management Committee at Blackstone. He graduated from Scotch Plains-Fanwood High School in 1987. Additionally, he is a General Partner of the Crystal Palace Football Club. Mr.Blitzeris based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. Were thrilled to partner with them as they enter this next phase of growth.. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. There is no indication yet as to whether Bolt is involved in the sale. 12/06/2022 . To receive email alerts from Blackstone, sign up below. The business case for womens sports has never been clearer, and Just Womens Sports is positioned to be the leading media platform in the space, said New York Liberty owners Joe Tsai and Clara Wu Tsai. | Terms & Conditions Bolt is a pre-seed venture firm investing where the digital and physical world intersect. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. The round also included Golden State Warriors owner John Burbank, as well as Nimble Partners, Maven Ventures, Accel, GV, Bolt Ventures, Tenere Capital, Blitscaling Ventures, Next Play Capital, Alumni Ventures, University Growth Fund, Palapa Ventures and numerous influential individual investors. Guy Oseary, Ashton Kutchers Sound Ventures Launches $240M AI Fund, Rooms You Cant Get Into: Klutch Athletics x New Balance VIP Brunch, JJ Watt, Kealia Watt Invest in Newly Promoted Premier League Club Burnley FC, Mat Ishbia on the Suns & Mercurys Huge Media Move, How TikTok Became the Home for the Rising Female Rappers of Gen Z. For the economist, see, Wharton School of the University of Pennsylvania, "NJ Devils Co-Owner David Blitzer Will Return to Scotch Plains-Fanwood High School for Hall of Fame Induction", Blackstone Group: Our People - David Blitzer, "In Their Own Words With Blackstone Group's David Blitzer", "Sale of 76ers to Joshua Harris finished", "Those who know him say Joshua Harris, soon-to-be Sixers owner, lives for competition and success", "Group led by Joshua Harris completes purchase of Sixers - 10/18/2011", "Devils announce sale of team to billionaire Josh Harris", "Mandalay Announces Pending Sale of Ownership Interest in RailRiders", "RailRiders Unveil Members of Local Ownership", "Sixers owner Josh Harris buys into Crystal Palace soccer club", "Crystal Palace: Deal agreed with US investors Harris and Blitzer", "David Abrams Named Head of Investments at Harris Blitzer Sports & Entertainment", "HBSE flexing its financial muscle thanks to appointment of head of investments", "76ers owners appoint investment chief for esports and other ventures", "San Francisco 49ers, HBSE and CAA team up to create Elevate Sports Ventures - SportsPro Media", "David Blitzer & Smith Entertainment Group to Purchase Real Salt Lake", "Blitzer purchases 25% stake in Guardians", "Cleveland Guardians reach agreement with David Blitzer-led investment group for minority stake in club", The Evening Standard: "$11M Family Feud Rocks Private Equity World; at Loggerheads: Stuart Ross, above Left with His Attorney, Stuart Jackson, and His Son-in-Law, David Blitzer, Far Right", "Private Equity Princes Reach Deal for 76ers", "Meet Our Speakers: Josh Harris and David Blitzer", Wall Street Journal: "New Tack in Extortion Case - Blackstone Executive Now Being Sued by His Father-in-Law's Former Attorney", New York Post: "Importer of 'Smurfs' takes plea in wacky $11.5million Blackstone Group extortion case" By LAURA ITALIANO, Bloomberg: "Father-in-Law of Blackstone Director Blitzer Faces July 26 Extortion Trial" By Karen Freifeld, Hillel Organization: "2012 Annual report", "Most Influential: Dealmakers & Disrupters", Major League Soccer principal owners by team, https://en.wikipedia.org/w/index.php?title=David_Blitzer&oldid=1151862160, American chief executives of professional sports organizations, Chairmen and investors of football clubs in England, Chairmen and investors of soccer clubs in the United States, Sportspeople from Union County, New Jersey, Wharton School of the University of Pennsylvania alumni, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 April 2023, at 18:25. The round is led by Nimble Partners (including Golden State Warriors owner John Burbank), with additional investment by Maven Ventures, Accel, GV, Jeff Mallett (San Francisco Giants principal partner and Vancouver Whitecaps chairman and co-owner), Palapa Ventures, Bolt Ventures (David Blitzer, owner of Philadelphia 76ers and New Jersey Devils), Tenere Capital, Blitzscaling Ventures, Next Play . As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. Prior to launching Tac Opps, Mr. Blitzer had been involved in the execution of Blackstone investments across a variety of asset classes, including establishing and leading Blackstones European private equity business. The 52-year-old. Their latest investment was Venture Round - Athletes Unlimited on Sep 29, 2022, when Athletes Unlimited raised $30M. [1] He is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. Create your account and get enhanced access to all the latest stories. [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. Blitzer, a U.S. citizen, grew up in Scotch Plains, New Jersey. 2018: Formed Elevate Sports Ventures in partnership with CAA and the San Francisco 49ers 2020: Blitzer and Harris acquire minority stake in the Pittsburgh Steelers Through original podcast series, premium video programming, social media, online editorial content, a newsletter, and exclusive merchandise and live events, JWS is committed to making it both easy and fun to be a womens sports fan. The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. . [24][25][26], Blitzer founded the Blitzer Family Foundation in 2014, which promotes youth development through education, athletics, and health. A similar spike has been seen in his investment in the Devils, bought for $320 million in 2013 and now valued at $775 million. I was one of those fake or failed athletes growing up, but I was a massive, massive sports fan as a little kid and all the way until today, Blitzer told his alma mater. The final reason for Blitzer might simply be his hobby of investing in various sports clubs in the U.S. and Europe. Prior to launching Tac Opps, Mr.Blitzerhad been involved in the execution of Blackstone investments across a variety of asset classes, including establishing and leading Blackstones European private equity business. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. David Blitzer is a serious name to know in the business of sports. [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. For FC Augsburg, the entry of Blitzer also brings one or two advantages. Mr. Blitzer and his wife Allison reside in New York City with their five children. Founded in 2012, Bolt Ventures is a venture capital firm based in So Paulo, Brazil. The company's filing status is listed as Active and its File Number is 5715498. In 2021, Real Salt Lake had a 9-4-4 home record, set a new club mark for most consecutive home wins (seven), and advanced to the Western Conference Final. This is a question that only Blitzer himself can answer, but he has not yet commented on it. DavidBlitzeris the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management Committee. In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. Added Billie Jean King, Just Womens Sports is building on the foundation of earlier pioneers by creating a media platform that celebrates and elevates the incredible athletes and stories in womens sports. What is the story of the payment company Worldline? David Blitzer, part-owner of the Philadelphia 76ers and New Jersey Devils, is nearing a deal to acquire a significant minority stake in the Cleveland Guardians, according to multiple people. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. To date, the company has worked with more than 20 of the worlds biggest brands, including Nike, Puma, Under Armour, Heineken, Cisco and DICKs Sporting Goods. The firm prefers to invest in the e-commerce, mobile, and education sectors. Ross was convicted of extortion and sentenced to five years of probation under the condition that he get psychiatric and alcohol treatment and has no contact with his daughter Allison, Blitzer, their children, and Blackstone. Bolt is a pre-seed venture firm investing in companies leveraging unique technology and valuable data sets to reimagine products, systems, and experiences across the economy. Jeff Mallett, principal partner of the San Francisco Giants and chairman and co-owner of the Vancouver Whitecaps, added:Gametime makes it extraordinarily fast and easy to connect fans with events. Previously, he shared responsibility for the portfolio management activities of Oak Hill Advisors, a NY based asset manager with over $20 billion of assets under management. This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. [8] In 2014, Blitzer partnered led a investment group that purchased a 50% stake in the Scranton/Wilkes-Barre RailRiders, the Triple-A affiliate of the New York Yankees of Major League Baseball (MLB);[9][10] In 2015, Blitzer bought an 18% stake in Crystal Palace F.C. He is based in New York, having established Blackstone's corporate private equity investment efforts in Europe. Portions of this site are directed only to persons in certain jurisdictions. team owners David Blitzer [New Jersey Devils, Philadelphia 76ers], GSW Sports Ventures [an affiliate of the Golden State Warriors], Steve Kaplan [D.C. United, Swansea City], Steve Koonin [Atlanta . Forever a fan, always a lifelong learner, Blitzer will continue to take the lessons learned from his wins and losses to emerging markets and new arenas. Europe, Menlo Park, China), Where the person is located (e.g. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person, Senior Managing Director and Global Head of Tactical Opportunities, The Action Network is a sports media start-up that builds products and creates content to inform and entertain the sports bettor. Previously, he shared responsibility for the portfolio management activities of Oak Hill Advisors, a NY based asset manager with over $20 billion of assets under management. 2023 Harkness Capital Partners | Admin Login, Investor: 21 years as portfolio manager; credit analysis for high yield bonds and bank loans; structured, negotiated credit terms for numerous PE-backed companies; financed management buyouts, Board Member: Athletic Recovery Zone; E-net; Nomikos Ltd.; Caravel Shipping Ltd; Dolphin Capital Opportunities; Castle Athletics; OneZone. Founded by CEO Haley Rosen, the company has raised $10 million to date from a diverse set of institutional and angel investors, as well as some of the worlds most prominent female athletes. Matters for Bolt Ventures, an entity led by David Blitzer, in connection with its investments in Harris Blitzer Sports & Entertainment (HBSE) Ken has been recognized by The Legal 500 for his work in private equity buyouts. Sold in early 2023 to the Sony. While the Real Salt Lake acquisition was said to have happened pretty quick, the tale of the tape shows Blizs long and steady ascent. He joined the firm in 1991. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. Shortly after acquiring Real Salt Lake and making those statements, the franchise made the news on major media outlets by signing the youngest homegrown player in MLS history in Axel Kei. For the entrepreneur, the investment in FCA represents a great opportunity to play a role in German soccer which is generally very difficult for investors to access. As Marc Rubinstein points out on the Beyond Buyouts Podcast, Blackstone has been savvy enough to diversify into real estate, hedge funds, corporate private equity, credit, and other alternative assets since starting in 1985. The new Real Salt Lake owner (er, investor-operator, in MLS terms) and the club's main representative to the league, according to Sportico reporting today. Blitzer, on the other hand, saw these franchises essentially as content companies and scarce assets. Scott is a founding partner of Harkness Capital. Bolt Ventures Sep 2021 - Dec 20221 year 4 months New York, New York, United States Head of Family Office Oak Hill Advisors, L.P. Aug 2014 - Dec 20228 years 5 months Greater New York City Area. Their most notable exits are The Action Network , Keemotion , and Beyond Sports. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. Scott holds a B.S., cum laude, from The Wharton School of the University of Pennsylvania and has earned the Chartered Financial Analyst designation. PHILADELPHIA - SEPT. 16, 2020 - Harris Blitzer Sports & Entertainment (HBSE), a dynamic organization comprised of premier sports and entertainment . By approaching every opportunity as a business decision while still sharing the spirit of a fan, Blitzer is able to staff each franchise he owns with the same approach as his day job at Blackstone. New additions to its standout roster of athlete investors include the aforementioned King, Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul Rabil and Apolo Ohno, among others. He joined the firm in 1991. As an adult, hes got his own team in Salt Lake and sits at the same tables as Earvin the Entrepreneur where pro sports are concerned. Tac Opps is Blackstones opportunistic investment business which invests globally across asset classes and industries to generate attractive risk-adjusted returns in any market environment. Find Just Womens Sports online, subscribe to the newsletter, and follow on Instagram, TikTok, Twitter, Snapchat, and YouTube. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. JWS Founder and CEO Haley Rosen believes the additional funding is further proof that womens sports is entering a new era of investment and popularity, with JWS leading the way.
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